BILL NUMBER: AB 448	CHAPTERED  09/29/00

	CHAPTER   882
	FILED WITH SECRETARY OF STATE   SEPTEMBER 29, 2000
	APPROVED BY GOVERNOR   SEPTEMBER 28, 2000
	PASSED THE SENATE   AUGUST 31, 2000
	PASSED THE ASSEMBLY   AUGUST 31, 2000
	AMENDED IN SENATE   AUGUST 18, 2000
	AMENDED IN SENATE   AUGUST 18, 2000
	AMENDED IN SENATE   JUNE 10, 1999

INTRODUCED BY   Assembly Member Floyd

                        FEBRUARY 16, 1999

   An act to amend Section 21703 of, and to add  Sections 20479.5 and
31676.16 to, the Government Code, relating to retirement.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 448, Floyd.   Retirement.
   Existing law, the Public Employees' Retirement Law, with respect
to contract members of the Public Employees' Retirement System,
prohibits contracts or contract amendments from providing retirement
benefits to some, but not all, members in specified local membership
classifications, and from providing different retirement benefits for
any subgroup, including, but not limited to, bargaining units or
unrepresented groups, within those membership classifications.
   This bill would provide that where a memorandum of understanding
entered prior to August 11, 1988, provided a different retirement
benefit formula for a subgroup of employees in a member
classification, the contracting agency may, pursuant to a memorandum
of understanding, amend its contract to provide the same retirement
formula applicable to that subgroup to all or part of the contracting
agency's other employees in the same member classification.
   Existing law authorizes the Board of Administration of the Public
Employees' Retirement System to establish a plan for classified
school employees who are excluded from membership in the Public
Employees' Retirement System because the employees serve on less than
a full-time basis.  All development and administration costs of that
plan are required to be paid by employees and plan participants.
   This bill would revise this latter provision to require that all
development and administration costs of the plan shall be paid by
school employers and members, as determined by the board.
   Existing law, the County Employees Retirement Law of 1937,
authorizes adoption of various formulae for calculation of retirement
allowances and provides that a member's allowance shall be
calculated under any one formula only for the period of time that the
formula was in effect in the county.
   This bill would authorize counties or districts, subject to
approval by the county board of supervisors, to provide service
retirement allowances for general members based on an alternative 2%
at age 55 formula, as specified.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 20479.5 is added to the Government Code, to
read:
   20479.5.  Notwithstanding Section 20479, where a memorandum of
understanding entered prior to August 11, 1988, provided a different
retirement benefit formula for a subgroup of employees in a member
classification, that contracting agency may, pursuant to a memorandum
of understanding, amend its contract to provide the same retirement
formula applicable to that subgroup to all or part of the contracting
agency's other employees in the same member classification.
  SEC. 2.  Section 21703 of the Government Code is amended to read:
   21703.  All development and administration costs of the
alternative retirement plan authorized by this chapter shall be paid
by school employers and members, as determined by the board.
  SEC. 3.  Section 31676.16 is added to the Government Code, to read:

   31676.16.  This section may be made applicable in any county on
the first day of the month after the board of supervisors of the
county adopts, by majority vote, a resolution providing that this
section shall become applicable in the county.  Notwithstanding any
other provisions of this chapter, the current service pension or the
current service pension combined with the prior service pension is an
additional pension for members purchased by the contributions of the
county or district sufficient, when added to the service retirement
annuity, to equal the fraction of one-fiftieth of the member's final
compensation set forth opposite the member's age at retirement, taken
to the preceding completed quarter year, in the following table
multiplied by the number of years of current service or years of
current and prior service with which the member is entitled to be
credited at retirement, but in no event shall the total retirement
allowance exceed the member's final compensation.


Age at Retirement                       Fraction

50 .................................     0.713
50 1/4 .............................     0.725
50 1/2 .............................     0.737
50 3/4 .............................     0.749
51 .................................     0.761
51 1/4 .............................     0.775
51 1/2 .............................     0.788
51 3/4 .............................     0.801
52 .................................     0.814
52 1/4 .............................     0.828
52 1/2 .............................     0.843
52 3/4 .............................     0.857
53 .................................     0.871
53 1/4 .............................     0.886
53 1/2 .............................     0.902
53 3/4 .............................     0.917
54 .................................     0.933
54 1/4 .............................     0.950
54 1/2 .............................     0.966
54 3/4 .............................     0.983
55 .................................     1.000
55 1/4 .............................     1.007
55 1/2 .............................     1.013
55 3/4 .............................     1.020
56 .................................     1.026
56 1/4 .............................     1.033
56 1/2 .............................     1.039
56 3/4 .............................     1.046
57 .................................     1.052
57 1/4 .............................     1.059
57 1/2 .............................     1.065
57 3/4 .............................     1.072
58 .................................     1.078
58 1/4 .............................     1.085
58 1/2 .............................     1.091
58 3/4 .............................     1.098
59 .................................     1.105
59 1/4 .............................     1.111
59 1/2 .............................     1.118
59 3/4 .............................     1.124
60 .................................     1.131
60 1/4 .............................     1.137
60 1/2 .............................     1.144
60 3/4 .............................     1.150
61..................................     1.157
61 1/4 .............................     1.163
61 1/2 .............................     1.170
61 3/4 .............................     1.176
62 .................................     1.183
62 1/4 .............................     1.189
62 1/2 .............................     1.196
62 3/4 .............................     1.202
63 and over ........................     1.209

   The fractions herein set forth shall be used until adjusted by
each board for its retirement system in accordance with the interest
and mortality tables adopted by each board with respect to its
retirement system.
   In any county operating under this section any limitation in any
provisions of this chapter upon the amount of compensation used for
computing rates of contributions shall be disregarded.
   Wherever in this chapter reference is made to survivorship
benefits and rights under Section 31676.1, the same shall apply to
this section.
